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Amazon.com, Inc. (AMZN)

- NASDAQ
  • Jul. 30, 2013, 12:09 PM
    • BGR follows up on its July 9 scoop about new Kindle Fire (AMZN -0.1%) models sporting higher-resolution displays by reporting next-gen 7" and 8.9" Fire HD models will use Qualcomm's (QCOM +1%) top-of-the-line Snapdragon 800 CPU (quad-core, reportedly clocked at 2GHz.).
    • Texas Instruments, which has thus far been Amazon's app processor supplier, announced last fall it's exiting the mobile app processor market.
    • The 8.9" Fire HD will reportedly have an 8MP rear camera; the 7" model will be camera-free.
    • The entry-level Kindle Fire will ship with 8GB-32GB of storage; the HD models will have 16GB-64GB.
    • Amazon is reportedly aiming for a fall launch.
    • The updated Fires will arrive with Barnes & Noble gradually exiting the tablet market, and reports indicating a retina iPad Mini won't launch until 2014. However, Amazon will have to compete with a new Nexus 7 (receiving good reviews) and Samsung's refreshed Galaxy Tab/Note lineup.
    | Jul. 30, 2013, 12:09 PM | Comment!
  • Jul. 29, 2013, 3:53 AM
    • Amazon (AMZN) plans to hire 5,000 more workers for 17 of its fulfillment centers in the U.S., adding to the 20,000 who already work at the company's warehouses in the country.
    • Amazon intends to add 2,000 customer-service staff, including part-time and seasonal workers.
    • The recruitment will help the company meet growing demand and make good on its two-day shipping pledge to Amazon Prime members. (PR)
    | Jul. 29, 2013, 3:53 AM | 7 Comments
  • Jul. 26, 2013, 11:55 AM
    Goldman's Heath Terry hikes the price target on Amazon (AMZN +1%) to $355 from $325 in a move that would probably seem counterintuitive for virtually any other stock given that the company missed on both lines with its Q2 report Thursday evening and issued weak guidance. "We … believe Amazon is well positioned to benefit from accelerating global ecommerce growth, while leveraging its investment in technology, infrastructure, and customers into higher margin revenue streams," Terry says. That would be nice considering the company's operating margin was just 0.5% in Q2.
    | Jul. 26, 2013, 11:55 AM | 30 Comments
  • Jul. 25, 2013, 4:52 PM
    Same as it ever was: Shares of Amazon (AMZN) trim their AH loss and are now only down 1%. Though the company, already well-known for its razor-thin profit margins, showed an operating loss the glass is still half full for plenty of investors. While some analysts worry about spiraling costs - the bull camp still sees the Bezos-led spending on fulfillment centers, global growth, digital content, grocery initiatives, web services, etc. as paying off brilliantly in the future.
    | Jul. 25, 2013, 4:52 PM | 25 Comments
  • Jul. 25, 2013, 4:15 PM
    More on Amazon (AMZN): The company sees Q3 revenue of $14.45B-$17.15B vs. $16.98B consensus. In Q2 the operating margin fell to 0.5% after analysts expected 0.6% and Q1 came in at 0.8%. North America sales up 30% Y/Y and international sales rose 13%. Media sales gained 16% during the quarter while electronics and other general merchandise rose 31%. Free cash flow down 76% Y/Y to $265M. AMZN -2.1% AH.
    | Jul. 25, 2013, 4:15 PM | 9 Comments
  • Jul. 25, 2013, 4:05 PM
    Amazon.com (AMZN): Q2 EPS of -$0.02 misses by $0.07. Revenue of $15.70B (+22% Y/Y) misses by $4M. Shares -2.4% AH. (PR)
    | Jul. 25, 2013, 4:05 PM | 26 Comments
  • Jul. 25, 2013, 7:02 AM
    Amazon (AMZN) seeks approval in federal court to move ahead with a large contract with the CIA. The cloud computing contract has been in dispute since IBM pitched a fit earlier this year over losing out on the deal estimated to be worth around $600M.
    | Jul. 25, 2013, 7:02 AM | 3 Comments
  • Jul. 25, 2013, 12:10 AM
    Notable earnings after Thursday’s close: ACGL, AIR, AMZN, AWAY, BAS, BCOV, BLDR, BMRN , CB, CBG, CERN, CINF, CLF, CPSI,CPT, CRUS, CTCT, DECK, DLB, DOLE, DTLK, ECHO , ELY, EPR, EW, EXPE, FII, FLEX,FR, FSL, GILD, GPN, HLS, HTCH, IDTI, INAP , INFA, KBR, KEG, KLAC, LOGM, LSCC,MCK, MITK, MOH, MSCC, MXIM, N, NBIX, NEM , NR, NTGR, OLN, OUTR, PFG, QLGC,QLIK, RGC, RJET, RSG, SBUX, SPF, SWI, TCO , TGI, THRX, TPX, TSRO, TSYS, UHS,VRSN, WOOF, ZNGA
    | Jul. 25, 2013, 12:10 AM | 2 Comments
  • Jul. 24, 2013, 5:35 PM
    Notable earnings after Thursday’s close: ACGL, AIR, AMZN, AWAY, BAS, BCOV, BLDR, BMRN , CB, CBG, CERN, CINF, CLF, CPSI,CPT, CRUS, CTCT, DECK, DLB, DOLE, DTLK, ECHO , ELY, EPR, EW, EXPE, FII, FLEX,FR, FSL, GILD, GPN, HLS, HTCH, IDTI, INAP , INFA, KBR, KEG, KLAC, LOGM, LSCC,MCK, MITK, MOH, MSCC, MXIM, N, NBIX, NEM , NR, NTGR, OLN, OUTR, PFG, QLGC,QLIK, RGC, RJET, RSG, SBUX, SPF, SWI, TCO , TGI, THRX, TPX, TSRO, TSYS, UHS,VRSN, WOOF, ZNGA
    | Jul. 24, 2013, 5:35 PM | Comment!
  • Jul. 22, 2013, 12:46 PM
    eBay's (EBAY -0.1%) Now same-day delivery service has arrived on PCs (it launched as mobile-only), and is set to expand to Brooklyn, Queens, Chicago, Dallas, and the Bay Area peninsula (Manhattan and SF have been its first two markets). eBay has lofty ambitions for Now, foreseeing it as a same-day infrastructure for local retailers that can leverage existing retailer stores and warehouses. This is something Amazon (AMZN -0.7%), which just launched its $299/year Prime Fresh same-day service in L.A., could be hard-pressed to replicate, since it competes with many of those retailers. Initial partners for Now include Target, Home Depot, Best Buy, Macy's, and Walgreen.
    | Jul. 22, 2013, 12:46 PM | 2 Comments
  • Jul. 18, 2013, 11:12 AM
    Needham downgrades eBay (EBAY -6.4%) to Hold following its Q2 revenue miss and light Q3 guidance, citing international softness and "slowing Marketplace fundamentals." Though granting eBay is taking steps to revamp Marketplaces, the firm doesn't "expect any single investment to serve as a momentum-changing catalyst in the near term." Top-rated sellers (22% Q2 same-store sales growth) and mobile (2M new users, 5.6M listings/week, $20B+ in 2013 transactions expected) remain areas of strength for Marketplaces. Amazon (AMZN -1.2%) continues to follow eBay lower, but Overstock (OSTK +15.7%) is soaring after trouncing Q2 estimates and reporting a 170 bps Y/Y increase in gross margin to 19.7%. (eBay transcript)
    | Jul. 18, 2013, 11:12 AM | Comment!
  • Jul. 17, 2013, 4:36 PM
    eBay (EBAY) is guiding for Q3 revenue of $3.85B-$3.95B and EPS of $0.61-$0.63, below a consensus of $3.97B and $0.65. 2013 guidance is for revenue of $16B-$16.5B and EPS of $2.70-$2.75 vs. a consensus of $16.3B and $2.75. The company says "macroeconomic headwinds in Europe and Korea will continue to be a challenge" in 2H. PayPal revenue +20% Y/Y in Q2, up from Q1's 18%. But Marketplaces revenue (exc. a tax gain) only +10%, down from Q1's +13%. Shares -5.5% AH. Amazon (AMZN) -0.7% in sympathy. CC at 5PM ET (webcast). (Q2 results) (slides) (PR)
    | Jul. 17, 2013, 4:36 PM | Comment!
  • Jul. 17, 2013, 1:59 PM
    More bad news for leading Groupon (GRPN +5.7%) rival LivingSocial: the company has shuttered both its NYC office and local events unit in an effort to pare costs. The moves come a month after the company closed its Seattle office and requested employees work remotely. LivingSocial, 29%-owned by Amazon (AMZN), posted a $50M net loss in Q1 to go with revenue of $135M (+23% Y/Y).
    | Jul. 17, 2013, 1:59 PM | 1 Comment
  • Jul. 15, 2013, 2:03 PM
    The number of U.S. advertisers using Google's (GOOG +0.5%) Product Listing Ads (PLAs, tied to Google Shopping) rose 54.7% Q/Q in Q2 to nearly 10K, and the number of ads they're running rose 20.8% to 156K, estimates Jefferies. The firm adds PLAs carry higher prices than Google's AdWords search ads, and thinks Google plans to eventually let users buy items through them without leaving its site. Jefferies' numbers come a few days after ChannelAdvisor reported of a pickup in client sales driven by shopping engines. BI's Jim Edwards argues the figures are bad news for Amazon (AMZN -0.8%), which relies more on regular Google results (pushed down on some pages by PLAs). (Amazon's online ad efforts)
    | Jul. 15, 2013, 2:03 PM | 1 Comment
  • Jul. 12, 2013, 10:40 AM
    Japanese e-commerce giant Rakuten is looking to take on Netflix (NFLX +4.1%) and Amazon's (AMZN +1.2%) Lovefilm unit in Europe: the company is launching a beta of its Wuaki TV/movie streaming service, already offered in Spain, in the U.K., and plans to offer it across top European markets within the next 18-24 months. Wuaki is initially charging U.K. subs just £2.99/month ($4.50/month); Netflix and Lovefilm respectively charge £5.99/month and £4.99/month. Wuaki needs to play catch-up when it comes to TV/mobile device support; for now, the service only works on PCs. There are still several large European markets uncovered by Netflix, Lovefilm, or both, but the companies are gradually changing that.
    | Jul. 12, 2013, 10:40 AM | 1 Comment
  • Jul. 11, 2013, 5:17 PM
    Amazon (AMZN +2.5%) crosses $300 for the first time and closes just slightly below the mark after ChannelAdvisor (ECOM +3.6%) reports same-store sales for clients relying on Amazon rose 30.6% Y/Y in June, better than May's disappointing 25.8% and even with April. eBay (EBAY +1.8%) clients posted 17.7% same-store growth, up from May's 16% but below April's 20.5% - auctions -17.2%, fixed-price sales +18.9%, Motors +27.8%. In a positive for Google (GOOG +1.7%), search ad-driven same-store sales rose 5.1% and shopping engine sales 10%; those numbers are better than May's -0.8% and +0.3%. Topeka notes Amazon faced tougher comps in June than May.
    | Jul. 11, 2013, 5:17 PM | 10 Comments
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Company Description
Amazon.com Inc is an online retailer. The Company sells its products through the website which provides services, such as advertising services and co-branded credit card agreements. It also offerselectronic devices like Kindle e-readers and Fire tablets.
Sector: Technology
Country: United States